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Prosegur launches crypto asset custody division

Prosegur launches crypto asset custody division

Spanish security firm Prosegur has announced the launch of Prosegur Crypto, a custodian division focused on institutional clients.
According to Prosegur representatives, the new service covers all the needs of institutional investors for the storage and management of digital assets. When developing Prosegur Crypto, special attention was paid to the security of the solution. Clients will be able to manage assets using a mobile application.
In a press release, the company emphasizes that the private keys of customers are stored in the Prosegur infrastructure without access to the Internet. The digital assets themselves are protected by “military cryptography” and an additional logical layer of protection. This, according to the developers, makes Prosegur Crypto the most secure and complete solution on the market and sets it apart from other custodial services.

“Our platform meets the real and urgent needs of our customers. We now offer a comprehensive and reliable custodian solution, with the level of protection required by corporations and other large institutions. Few custodial services provide an adequate level of protection. We are going to lead the market as the safest and most reliable partner for institutional investors, ”said Raimundo Castillo, CEO of Prosegur Crypto.

With the solution, customers will be able to transact digital assets while storing them in a location without direct access to the Internet. This allows you to fully defend against various types of cyber attacks.

Recall that, as reported in August, a large South Korean bank KB Kookmin Bank is preparing to launch its own custodian unit for storing cryptocurrencies.

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